For purposes of calculating the federal tax payable on personal holding companies, the rate is 12.6 percent.
For purposes of calculating the accumulated earnings tax, the rate is 4.95 percent of the first $100,000 of accumulated taxable income and 6.93 percent of accumulated taxable income in excess of $100,000.
Qualified activities need not be conducted in Alaska to qualify, but must be conducted within the United States.
How to obtain the credit?
A company must file – Alaska Form 6390 –Alaska Federal-based Credits along with its state tax return.
Refundable/Transferable Tax Credit – No